Romania cuts RRF by EUR 1.2 bln to EUR 20.2 bln after final plan revision

Romania's government approved the third and final revision of the National Recovery and Resilience Plan (PNRR) at an extraordinary meeting on June 22, reducing the loan component of the facility by EUR 1.2 billion and bringing the country's total allocation from the European Union to EUR 20.2 billion, according to Economedia.

Under the revised plan, Romania is eligible to receive EUR 13.6 billion in grants and EUR 6.6 billion in loans, provided it implements 66 reforms and fulfils 385 milestones and targets. Nine of the reforms require legislative action.